Tata Motors' Global Sales Drop 32% in August

MUMBAI: Tata Motors reported a 32% decline in the group's global vehicle sale (wholesale) for August to 72,464 units. This includes the sales numbers for commercial and passenger vehicles under the Tata brand as well as Jaguar Land Rover and Tata Daewoo. This was the steepest and the fifth straight month of sales decline for the automotive group this financial year. The group is facing trouble across all its segments and brands due to a global sales slowdown.

While Tata Motors commercial vehicles and passenger vehicles sales have fallen due to a demand slowdown in India, JLR is facing slowing sales in its crucial markets of China and Europe. Uncertainty due to a no-deal Brexit is also weighing on the business prospects of the British brand. Global wholesale sale of PVs declined by 22% to 47,098 units while for CVs the drop was much steeper at 45% to 25,366 units, the company informed in an exchange filing.

In the PV segment, JLR sales came in at 39,615 units with Land Rover brand contributing three-quarters of this number and the rest came from the Jaguar brand.